The HS Code 29373100 refers to the product Epinephrine, also known as adrenaline. This educational article aims to provide a comprehensive understanding of this HS code, its product description, quantity unit, and special tariff preference programs associated with it. Additionally, we will delve into the import and export data of Epinephrine, highlighting the major importing and exporting US states.
Epinephrine is a hormone and neurotransmitter that is naturally produced in the human body. It plays a crucial role in the fight-or-flight response, increasing heart rate, constricting blood vessels, and dilating air passages. Epinephrine is commonly used in medical emergencies, such as severe allergic reactions (anaphylaxis), asthma attacks, and cardiac arrest.
As a pharmaceutical product, Epinephrine is classified under the HS code 29373100. This code is used to categorize and track international trade of Epinephrine and similar products across borders. The HS code system is globally recognized and helps streamline customs procedures and trade statistics.
The bound or most-favored-nation (MFN) duty rate for Epinephrine under the HS code 29373100 is free. This means that countries are not required to impose any import duties or tariffs on Epinephrine. The free duty rate ensures that trade barriers are lowered and markets are open for this life-saving medication.
When a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This principle of non-discrimination ensures fair and equal treatment for all countries participating in international trade.
The quantity unit for measuring Epinephrine under the HS code 29373100 is grams (GM). This unit of measurement is used to determine the weight of Epinephrine being imported or exported. It helps customs authorities and traders accurately assess the quantity and value of the product being traded.
Special tariff preference programs are initiatives that provide preferential treatment, such as reduced or zero tariffs, to certain products based on specific criteria. While specific information regarding special tariff preference programs for Epinephrine was not provided in the given data, it is important to note that such programs may exist for this product.
These programs are designed to promote trade, economic development, and cooperation between countries. They can vary based on factors like regional agreements, bilateral trade agreements, or specific trade preferences granted by developed countries to developing nations.
The import and export data for Epinephrine under the HS code 29373100 reveals the major US states involved in its trade. The data indicates that North Carolina is a significant importer of Epinephrine. The exact reasons for this can vary, including factors such as medical facilities, distribution centers, or pharmaceutical manufacturing located in the state.
Regarding the export of Epinephrine, Puerto Rico, Indiana, and Puerto Rico again emerge as the major exporting US states. Puerto Rico, in particular, appears to be a prominent exporter of this product.
These patterns in import and export highlight the importance of Epinephrine in medical and emergency situations, as well as the role of different states in the supply chain of this essential medication.
the HS Code 29373100 represents Epinephrine, a hormone and neurotransmitter used in medical emergencies. It is classified under this code for international trade purposes. The product description, quantity unit, special tariff preference programs, and import-export data provide valuable insights into the significance of Epinephrine and its trade dynamics. Understanding the HS code and its associated information is crucial for efficient global trade and ensuring the availability of life-saving medications.